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2 star

YES Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.71 0.01 0.04 1.01 1.50 2.26 4.60 -- -- -- --
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 -- -- -- --
Debt: Ultra Short Duration 2.97 -0.01 0.08 0.35 1.12 2.16 4.20 -- -- -- --
Rank within category 3 2 8 2 3 5 4 -- -- -- --
Number of funds in category 27 28 28 28 28 27 26 19 14 14 0

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
YES Ultra Short Term Fund - Direct Plan
2 star
Jun-19 4.60 -- -- 0.30 1
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.58 7.13 7.21 0.34 18,973
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.27 -- -- 0.34 17,843
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.96 6.58 6.83 0.33 14,237
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.81 6.42 6.68 0.31 12,277

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.84 09-Sep-2021 - 17-Sep-2021 0.01 27-Mar-2020 - 03-Apr-2020
Month 1.02 13-Aug-2021 - 14-Sep-2021 0.17 24-Mar-2020 - 23-Apr-2020
Quarter 1.89 13-Jun-2019 - 12-Sep-2019 0.56 21-May-2020 - 20-Aug-2020
Year 5.60 10-Jun-2019 - 09-Jun-2020 3.77 07-Sep-2020 - 07-Sep-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Ultra Short Duration* 5.68 1.60 2.07 4.38 1.13 2.39
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 43
Modified Duration (yrs) -- 0.41 0.00 0.39
Average Maturity (yrs) 0.00 0.42 0.00 0.41
Yield to Maturity (%) 3.05 3.41 2.76 4.00
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2021

Fund Manager

— Piyush Baranwal since 24-May-2019

Education: Mr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.

Experience: Prior to joining YES Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).

Funds Managed:


0.01%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 1,119.9067

IDCW Weekly: ₹ 1,001.6963

More

IDCW Monthly: ₹ 1,002.0548

IDCW Fortnightly: ₹ 1,002.0738

IDCW Daily: ₹ 1,001.4543


Investment Strategy

The scheme seeks to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments.

Investment Details

Minimum Investment (₹) 2,000
Minimum Addl Investment (₹) 2,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: YES Mutual Fund
Launch Date: 06-Jun-2019
Return Since Launch: 5.04%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1 Cr (As on 31-Aug-2021)
Expense: 0.30% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Sep-20210.0796

 23-Sep-20210.0997
 22-Sep-20210.0526
 21-Sep-20210.0352
 20-Sep-20210.1955
 17-Sep-20210.1399
 16-Sep-20210.0873
 15-Sep-20210.0671
 14-Sep-20217.9031
 13-Sep-20210.3284
 09-Sep-20210.0911
 08-Sep-20210.0474
 07-Sep-20210.0984
 06-Sep-20210.2409
 03-Sep-20210.0548
 02-Sep-20210.1054
 01-Sep-20210.0577
 31-Aug-20210.1003
 30-Aug-20210.2567
 27-Aug-20210.0603
 26-Aug-20210.0995
 25-Aug-20210.0549
 24-Aug-20210.0961
 23-Aug-20210.2520
 20-Aug-20210.1729
IDCW Weekly21-Sep-20210.6199

 14-Sep-20218.5576
 07-Sep-20210.5056
 31-Aug-20210.5235
 24-Aug-20210.4392
 18-Aug-20210.6024
 10-Aug-20210.5180
 03-Aug-20210.5398
 27-Jul-20210.5405
 20-Jul-20210.6149
 13-Jul-20210.6196
 06-Jul-20210.6220
 29-Jun-20210.5414
 22-Jun-20210.5654
 15-Jun-20210.5584
 08-Jun-20210.5643
 01-Jun-20210.5689
 25-May-20210.5697
 18-May-20210.5705
 11-May-20210.4507
 04-May-20210.5970
 27-Apr-20210.7309
 20-Apr-20210.4552
 15-Apr-20210.5745
 06-Apr-20210.5909
IDCW Monthly15-Sep-20219.9723

 17-Aug-20212.5322
 15-Jul-20212.5009
 15-Jun-20212.3368
 17-May-20212.6568
 15-Apr-20212.8658
 15-Mar-20212.4724
 15-Feb-20219.1564
 15-Jan-20212.6769
 15-Dec-20202.0182
 17-Nov-20202.7645
 15-Oct-20203.2285
 15-Sep-20208.0646
 17-Aug-20202.1340
 15-Jul-20201.7454
 15-Jun-20201.8093
 15-May-20202.4608
 15-Apr-20202.0944
 16-Mar-20204.0267
 17-Feb-20203.4499
 15-Jan-20203.0014
 16-Dec-20192.8539
 15-Nov-20193.6263
 15-Oct-20193.7116
 16-Sep-20193.4597
IDCW Fortnightly14-Sep-20218.8420

 31-Aug-20210.9980
 18-Aug-20211.1185
 03-Aug-20211.0794
 20-Jul-20211.2458
 06-Jul-20211.1678
 22-Jun-20211.1272
 08-Jun-20211.1529
 25-May-20211.1838
 11-May-20211.0466
 27-Apr-20211.1625
 15-Apr-20211.2169
 31-Mar-20211.5916
 16-Mar-20211.0307
 02-Mar-20211.4734
 16-Feb-20217.9535
 02-Feb-20211.1775
 19-Jan-20211.2925
 05-Jan-20211.0959
 22-Dec-20201.3663
 08-Dec-20200.9971
 24-Nov-20200.9215
 10-Nov-20201.2355
 27-Oct-20201.4283
 13-Oct-20201.6398

News & Analysis

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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